For release on
June 30, 2011
The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of Depository Institutions
and Condition Statement of Federal Reserve Banks") for September 25, 2008, overstated the average
amount outstanding of securities lent under the Term Securities Lending Facility (TSLF). On
September 18, 2008, a set of securities lent under the TSLF was returned to the Federal Reserve, but
the return of these securities was not reflected in the reported value for the TSLF until September
24, 2008. As a result, corrections to table 1A, Memorandum Items, have been made to reflect the
earlier return of these securities on September 18, 2008. Under the TSLF, the Federal Reserve
maintained ownership of securities lent, and the lending of securities did not directly affect the
Federal Reserve's assets and liabilities.
In table 1A, the weekly average value of the "Term facility" for the week ended Wednesday,
September 24, 2008, was corrected from $185,636 million to $174,045 million. Also in table 1A, the
weekly average value of "Securities lent to dealers" for the week ended Wednesday, September 24,
2008, was corrected from $204,948 million to $193,357 million.

For Release at
4:30 P.M. Eastern time
September 25, 2008
The Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository Institutions and Condition
Statement of Federal Reserve Banks” has been modified in a number of ways.
On September 17, the Treasury Department announced the Supplementary Financing Program. Under this program, the
Treasury issues marketable debt and deposits the proceeds in an account at the Federal Reserve that is segregated
from the Treasury General Account. This account is shown as “U.S. Treasury, supplementary financing account” in
table 1, table 4, and table 5.
On September 19, the Federal Reserve announced a new lending facility to extend non-recourse loans to U.S. depository
institutions and bank holding companies to finance their purchases of high-quality asset-backed commercial paper
from money market mutual funds. Extensions of this credit are reported in table 1 as “Asset-backed commercial paper
money market mutual fund liquidity facility” and reflected in “Other loans” in table 3, table 4, and table 5.
On September 21, the Board of Governors authorized the Federal Reserve Bank of New York to extend credit to the U.S.
broker-dealer subsidiaries of Goldman Sachs, Morgan Stanley, and Merrill Lynch against all types of collateral that
may be pledged at the Federal Reserve’s primary credit facility for depository institutions or at the existing
Primary Dealer Credit Facility. In addition, the Board authorized the Federal Reserve Bank of New York to extend
credit to the London-based broker-dealer subsidiaries of Goldman Sachs, Morgan Stanley, and Merrill Lynch against
the types of collateral that would be eligible to be pledged at the Primary Dealer Credit Facility. Credit extended
under these authorizations will be included, along with credit extended under the Primary Dealer Credit Facility, in
Table 1 under the entry “Primary dealer and other broker-dealer credit.”
FEDERAL RESERVE statistical release

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Cash value of agreements.5. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers.6. Fair value. Refer to table 2 and the note on consolidation accompanying table 5.7. Estimated.8. Cash value of agreements, which are collateralized by U.S. Treasury securities.9. Includes the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of Maiden Lane LLC. Refer to table 2 and the note on consolidation accompanying table 5.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items, September 24, 2008 Millions of dollars

Memorandum item

Averages of daily figures

Wednesday Sep 24, 2008

Week endedSep 24, 2008

Change from week ended

Sep 17, 2008

Sep 26, 2007

Marketable securities held in custody for foreign

official and international accounts (1)

2,421,895

+ 13,040

+ 426,649

2,435,934

U.S. Treasury

1,458,093

+ 8,480

+ 243,251

1,469,207

Federal agency

963,802

+ 4,560

+ 183,398

966,727

Securities lent to dealers

193,357

+ 67,683

+ 190,038

190,532

Overnight facility (2)

19,312

+ 10,908

+ 15,993

16,059

Term facility (3)

174,045

+ 56,775

+ 174,045

174,473

Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value.2. Fully collateralized by U.S. Treasury securities.3. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2008.2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 5.3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 4 and table 5.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, September 24, 2008Millions of dollars

U.S. Treasurysecurities (2)

Federal agencysecurities

Remaining maturity

Termauctioncredit

Otherloans(1)

Holdings

Weeklychanges

Holdings

Weeklychanges

Repurchaseagreements(3)

Reverserepurchaseagreements(3)

Within 15 days

100,000

135,248

19,326

+ 2,968

395

+ 395

46,000

90,673

16 days to 90 days

50,000

77,174

23,716

- 6,285

5,632

+ 5,632

40,000

0

91 days to 1 year

---

5,353

68,105

+ 4

3,973

+ 3,973

---

---

Over 1 year to 5 years

---

44,566

170,694

+ 18

0

0

---

---

Over 5 years to 10 years

---

---

93,353

+ 12

0

0

---

---

Over 10 years

---

---

101,384

+ 23

0

0

---

---

All

150,000

262,341

476,578

- 3,261

10,000

+ 10,000

86,000

90,673

* On 10/02/2008, the amount of other loans with remaining maturities of 91 days to 1 year was revised from $49,919million to $5,353 million. The amount of other loans with remaining maturities over 1 year to 5 years was revisedfrom --- to $44,566 million.Note: Components may not sum to totals because of rounding.--- Not applicable.

1. Excludes the loan from the Federal Reserve Bank of New York to Maiden Lane LLC that was eliminated when preparing that Bank's statement of condition consistent with consolidation under generally accepted accounting principles. The loan to Maiden Lane LLC is designed to be repaid from the orderly liquidation of Maiden Lane LLC's portfolio holdings and does not have a fixed amortization schedule.2. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Cash value of agreements.

4. Consolidated Statement of Condition of All Federal Reserve BanksMillions of dollars

Assets, liabilities, and capital

Eliminationsfromconsolidation

Change since

Wednesday Sep 24, 2008

Wednesday Sep 17, 2008

Wednesday Sep 26, 2007

Assets

Gold certificate account

11,037

0

0

Special drawing rights certificate account

2,200

0

0

Coin

1,494

+ 26

+ 389

Securities, repurchase agreements, term auction

credit, and other loans

984,920

+ 135,787

+ 149,080

Securities held outright

486,578

+ 6,739

- 293,055

U.S. Treasury (1)

476,578

- 3,261

- 303,055

Bills (2)

18,423

- 3,317

- 248,596

Notes and bonds, nominal (2)

411,731

0

- 60,411

Notes and bonds, inflation-indexed (2)

39,832

0

+ 4,079

Inflation compensation (3)

6,593

+ 57

+ 1,874

Federal agency (2)

10,000

+ 10,000

+ 10,000

Repurchase agreements (4)

86,000

- 12,000

+ 30,000

Term auction credit

150,000

0

+ 150,000

Other loans

262,341

+ 141,047

+ 262,134

Net portfolio holdings of Maiden Lane LLC (5)

29,407

+ 40

+ 29,407

Items in process of collection

(474)

968

+ 60

- 1,639

Bank premises

2,169

+ 1

+ 79

Other assets (6)

181,718

+ 82,429

+ 142,905

Total assets

(474)

1,213,912

+ 218,342

+ 320,221

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

799,422

+ 3,328

+ 24,579

Reverse repurchase agreements (7)

90,673

+ 44,040

+ 55,361

Deposits

(0)

275,076

+ 169,031

+ 235,565

Depository institutions

95,301

+ 6,199

+ 61,062

U.S. Treasury, general account

5,175

- 337

+ 232

U.S. Treasury, supplementary financing account

159,806

+ 159,806

+ 159,806

Foreign official

150

+ 48

+ 54

Other

(0)

14,644

+ 3,314

+ 14,411

Deferred availability cash items

(474)

2,380

- 234

- 800

Other liabilities and accrued dividends (8,9)

4,602

+ 1,753

- 1,404

Total liabilities

(474)

1,172,153

+ 217,918

+ 313,302

Capital accounts

Capital paid in

20,236

+ 25

+ 3,089

Surplus

18,516

0

+ 3,091

Other capital accounts

3,008

+ 400

+ 740

Total capital

41,759

+ 424

+ 6,919

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.2. Face value of the securities.3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.5. Fair value. Refer to table 2 and the note on consolidation accompanying table 5.6. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates. 7. Cash value of agreements, which are collateralized by U.S. Treasury securities.8. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.9. Includes the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of Maiden Lane LLC. Refer to the note on consolidation accompanying table 5.

5. Statement of Condition of Each Federal Reserve Bank, September 24, 2008Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Assets

Gold certificate account

11,037

424

3,935

453

423

891

1,221

913

344

199

349

636

1,249

Special drawing rights certificate acct.

2,200

115

874

83

104

147

166

212

71

30

66

98

234

Coin

1,494

40

73

112

129

191

195

174

57

52

106

163

202

Securities, repurchase agreements, term

auction credit, and other loans

984,920

101,009

466,774

27,454

31,012

67,153

64,953

55,066

22,263

11,523

25,670

27,650

84,394

Securities held outright

486,578

20,409

173,122

21,245

18,451

44,122

48,414

42,945

16,814

9,186

17,866

20,184

53,821

U.S. Treasury (1)

476,578

19,990

169,564

20,808

18,072

43,215

47,419

42,063

16,469

8,997

17,499

19,769

52,715

Bills (2)

18,423

773

6,555

804

699

1,671

1,833

1,626

637

348

676

764

2,038

Notes and bonds (3)

458,156

19,217

163,009

20,004

17,373

41,545

45,586

40,437

15,832

8,649

16,822

19,005

50,677

Federal agency (2)

10,000

419

3,558

437

379

907

995

883

346

189

367

415

1,106

Repurchase agreements (4)

86,000

3,607

30,598

3,755

3,261

7,798

8,557

7,590

2,972

1,624

3,158

3,567

9,513

Term auction credit

150,000

4,300

82,865

1,782

9,300

14,852

7,690

3,051

2,075

55

4,600

3,000

16,430

Other loans

262,341

72,693

180,190

672

0

381

292

1,479

402

658

47

898

4,630

Net portfolio holdings of Maiden Lane

LLC (5)

29,407

0

29,407

0

0

0

0

0

0

0

0

0

0

Items in process of collection

1,442

277

0

-30

291

59

228

107

18

101

76

114

200

Bank premises

2,169

121

211

64

150

213

226

208

128

111

275

252

209

Other assets (6)

181,718

10,057

47,925

16,965

12,212

46,439

14,182

8,543

2,101

3,472

2,271

3,873

13,679

Interdistrict settlement account

0

-45,820

+22,560

- 1,253

- 3,312

-23,092

+24,214

+13,823

+ 5,367

+ 2,054

+ 3,444

+ 5,619

- 3,604

Total assets

1,214,386

66,222

571,760

43,849

41,010

92,001

105,384

79,045

30,350

17,541

32,257

38,404

96,563

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.5. Fair value. Refer to the note on consolidation below.6. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

Note on consolidation:On June 26, 2008, the Federal Reserve Bank of New York extended a loan under the authority of section 13(3) of the Federal Reserve Act to Maiden Lane LLC, a limited liability company formed to acquire certain assets of Bear Stearns. The Federal Reserve Bank of New York is the primary beneficiary of Maiden Lane LLC. Consistent with generally accepted accounting principles, the assets and liabilities of Maiden Lane LLC have been consolidated with the assets and liabilities of the Federal Reserve Bank of New York in the preparation of thestatements of condition shown on this release. As a consequence of the consolidation, the extension of credit from the Federal Reserve Bank of New York to Maiden Lane LLC iseliminated, the net assets of Maiden Lane LLC appear as an asset in this table (and table 1 and table 4), and the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New York, including those with recourse only to the portfolio holdings of Maiden Lane LLC, are included in other liabilities on the next page (and in table 1 and table 4).

5. Statement of Condition of Each Federal Reserve Bank, September 24, 2008 (continued)Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

KansasCity

Dallas

SanFrancisco

Liabilities

Federal Reserve notes outstanding

989,581

37,180

353,830

41,020

39,517

80,736

120,762

80,762

29,947

17,501

30,768

54,908

102,649

Less: Notes held by F.R. Banks

190,158

5,809

51,602

7,063

8,826

13,185

29,934

14,554

3,704

3,005

3,775

23,169

25,532

Federal Reserve notes, net

799,422

31,371

302,229

33,956

30,691

67,551

90,827

66,208

26,243

14,496

26,993

31,739

77,117

Reverse repurchase agreements (1)

90,673

3,803

32,261

3,959

3,438

8,222

9,022

8,003

3,133

1,712

3,329

3,761

10,029

Deposits

275,076

28,957

224,512

729

3,249

4,972

1,662

1,617

382

271

1,144

1,829

5,752

Depository institutions

95,301

28,939

44,857

725

3,244

4,900

1,659

1,615

372

271

1,142

1,828

5,749

U.S. Treasury, general account

5,175

0

5,175

0

0

0

0

0

0

0

0

0

0

U.S. Treasury, supplementary

financing account

159,806

0

159,806

0

0

0

0

0

0

0

0

0

0

Foreign official

150

2

120

4

3

11

3

2

0

1

0

1

3

Other

14,644

15

14,554

0

2

61

0

0

9

0

1

0

0

Deferred availability cash items

2,854

52

0

451

450

240

221

242

53

262

219

238

427

Other liabilities and accrued

dividends (2,3)

4,602

154

2,091

184

183

443

369

301

154

107

125

176

316

Total liabilities

1,172,627

64,337

561,092

39,279

38,012

81,429

102,101

76,371

29,964

16,849

31,810

37,742

93,641

Capital

Capital paid in

20,236

784

5,087

2,328

1,521

5,213

1,605

1,305

182

320

210

268

1,413

Surplus

18,516

1,050

4,678

1,814

1,291

4,999

1,426

815

180

355

193

364

1,351

Other capital

3,008

51

902

429

186

360

253

553

25

17

43

30

158

Total liabilities and capital

1,214,386

66,222

571,760

43,849

41,010

92,001

105,384

79,045

30,350

17,541

32,257

38,404

96,563

Note: Components may not sum to totals because of rounding.

1. Cash value of agreements, which are collateralized by U.S. Treasury securities.2. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.3. Includes the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of Maiden Lane LLC. Refer to the note on consolidation on the previous page.

1. Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.